It is important to understand the nature of such a policy because the insured has to look for what is not covered rather than what is covered.Identify this perils policy.
A)Named-perils policy
B)Open-perils policy
C)Flexible-perils policy
D)No risk perils policy
E)Closed-perils policy

Question

Quizplus · Accepted Answer

An open-perils policy covers all risks except those explicitly excluded, so the insured must focus on what is not covered.

It Is Important to Understand the Nature of Such a Policy